§ 9-21-126. Advertisements for Sale of Bonds or Notes
An advertisement for sale of bonds or notes under this chapter may omit the date and time of sale, and in such event, the advertisement for sale shall set forth the manner in which the date and time of sale shall be subsequently published, which may be either by publication: In the same financial journal […]
§ 9-21-127. Bonds for Certain Unfunded Pension Obligations
Local governments may issue general obligation bonds or revenue bonds under this part and parts 2 and 3 of this chapter for certain unfunded pension obligations or for not greater than fifty percent (50%) of the value of certain unfunded other post-employment benefits if such is approved by the state funding board after receiving a […]
§ 9-21-128. Debt Necessary to Fund School Building Improvements, Demolition or New Construction
Whenever the commissioner of education is authorized by the state board of education to take responsibility for the operation of any local school system or school that has been placed on probation pursuant to title 49, chapter 1, part 6, the state acting under the authority of the state building commission may issue debt necessary […]
§ 9-21-129. Proceeds to Be Shared Among Municipal or Special School District Systems
Proceeds from the sale of bonds or notes issued pursuant to this chapter by a county or metropolitan government for school capital outlay purposes shall be shared with any municipal or special school district system within the county or metropolitan government on the same basis as is provided in § 49-3-1003. The trustee of the […]
§ 9-21-130. Guidelines and Rules and Regulations Relating to Contracts and Agreements Authorized — Compliance With
The state funding board shall establish guidelines, rules or regulations with respect to the agreements and contracts authorized in §§ 9-21-213(d), 9-21-302(b), 9-21-305(c), 9-21-602(c), 9-21-907(c), 9-21-910(d), 9-21-1006(c) and 9-21-1008(c), which may include, but shall not be limited to, the following: The conditions under which such agreements or contracts can be entered into; The methods by […]
§ 9-21-121. Impairment of Contract
Nothing in this chapter shall be deemed in any way to alter the terms of any agreements made with the holders of any outstanding bonds or notes of the local government or to authorize the local government to alter the terms of any such agreements, or to impair, or to authorize the local government to […]
§ 9-21-111. Execution of Bonds and Notes
Bonds and notes issued under this chapter in registered form shall be executed in the manner provided for in the Tennessee Public Obligations Registration Act, compiled in chapter 19 of this title. Bonds, notes, and any interest coupons attached thereto issued under this chapter which are not in registered form may, if so authorized by […]
§ 9-21-112. Interim Certificates
Pending the preparation or delivery of definitive bonds or notes under this chapter, interim certificates or other temporary obligations may be issued by the local government to the purchaser of the bonds or notes. The interim certificates or other temporary obligations shall be in such form and contain such terms, conditions and provisions as the […]
§ 9-21-113. Deposit and Custody of Proceeds
The proceeds received from the sale of bonds or notes issued under this chapter by a local government shall be deposited with, in the case of counties, the county trustee or, in the case of municipalities or metropolitan governments, with the official designated by law as custodian of the funds, or be deposited as provided […]
§ 9-21-114. Fees for Reselling Bonds or Notes Forbidden
It is unlawful and deemed a misappropriation of public funds for any official to pay a fee other than underwriting discount to any person, group of persons, firm, company or corporation for selling bonds or notes issued by such official’s local government after such bonds or notes have been sold. Nothing in this section shall […]